- LCI Lineberger Construction
- 2026
- 8
- 2
- 25.00%
- $11,333,941
- 14.17%
- 17.86%
- 9.73%
- $37,159,275

The **$13.1M** remaining backlog from four projects awarded October 2025–March 2026, including the **$8.0M** Lancaster contract, supports steady but slow cash inflows given 120–730 month durations. Recent 25% success rate and **$11.3M** in 2026 low bids provide limited near-term replenishment. Paving projects offer the most immediate revenue visibility.
Medium-term Outlook (6-12 months)
Increased 2026 bidding volume to eight jobs positions the firm for potential backlog growth if the 25% win rate holds. However, the **$1.7M** total low bids from 2025 underscore inconsistent prior performance that could constrain medium-term pipeline. Extended durations will stretch cash conversion cycles.
Key Risk Period
The 12–18 months following exhaustion of the current **$13.1M** backlog represents the primary exposure if new awards do not materialize. Long contract terms heighten vulnerability to payment delays and margin erosion at 14.17% average left on low.
Recommendations
Increase bid submissions while targeting success rates above 28% to rebuild backlog. Tighten cash flow forecasting and retainage management on long-duration projects. Prioritize SC paving opportunities for faster turnover.
- Fairfield CTC 2026 Maintenance
- Fairfield County
- $200,735
- 5/5/26
- Bonnie Parkway Phase I
- Fairfield County
- $690,464
- 3/30/26
- 070 Chesterfield
- SCDOT
- $6,372,062
- 3/10/26
- 150 Lancaster
- SCDOT
- $7,991,201
- 3/10/26
- 2025 2026 Paving 23355CF
- York County SC
- $3,342,740
- 2/4/26
- Lancaster County Detention Center SC 9 Roadway Widening
- Lancaster County SC
- $793,633
- 1/15/26
- 110 KERSHAW
- SCDOT
- $9,344,277
- 1/13/26
- 220 YORK
- SCDOT
- $8,424,163
- 1/13/26



